MICHIGAN PUBLIC TRANSIT ASSOCIATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

JOHN STAPLETON

Phone

5173240858

Tax Period

2023-10-01 to 2024-09-30

MICHIGAN PUBLIC TRANSIT ASSOCIATION, founded in 1977, is a small nonprofit that reported $904K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $799K left a modest 12% surplus.

Mission

TO PROMOTE PUBLIC TRANSPORTATION AND OFFER TRAINING TO MEMBERS.

Program Service Accomplishments

Program 1

TO PROVIDE MEMBERS WITH TRAINING, ANALYSIS OF PUBLIC TRANSIT ISSUES IN MICHIGAN, AND OTHER INFORMATION CRUCIAL TO THE OPERATION OF PUBLIC TRANSIT SYSTEMS IN MICHIGAN.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $286,949

Program Service Revenue $615,681

Investment Income $1,124

Other Revenue $414

TOTAL REVENUE $904,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,074

Fundraising Expenses $0

Other Expenses $599,087

TOTAL EXPENSES $799,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$904,168	$1,082,082	-0.2%
Expenses	$799,161	$937,254	-0.1%
Net Income	$105,007	$144,828	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$106,204

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARK HARDER	EXECUTIVE DIRECTOR	40.00	Officer	$106,204	$0	$106,204
MATT CARPENTER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT CRAMER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BRIESCHKE	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA CARLNAD	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BOLIN	DIRECTOR	2.00	Director	$0	$0	$0
RICK COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
KELLY BALES	DIRECTOR	1.00	Director	$0	$0	$0
SEAN MCBRIDE	DIRECTOR	1.00	Director	$0	$0	$0
MALLORY AVIS	DIRECTOR	1.00	Director	$0	$0	$0
MARY RICE	DIRECTOR	1.00	Director	$0	$0	$0
MALISSA SCHUTT	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SCHIPPER	DIRECTOR	1.00	Director	$0	$0	$0
ED BENNING	DIRECTOR	1.00	Director	$0	$0	$0
MIKEL OGLESBY	DIRECTOR (ENDED 12.23)	1.00	Director	$0	$0	$0
JOHN STAPLETON	SECRETARY/TREASURER	1.50	Officer Director	$0	$0	$0
HARMONY LLOYD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HEIDI WENZEL	PRESIDENT	2.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$904,168	$799,161	$835,108	$105,007
2023	$1,082,082	$937,254	$768,992	$144,828
2022	$1,622,778	$1,524,494	$734,050	$98,284
2021	$672,747	$644,480	$611,688	$28,267
2020	$415,597	$436,274	$577,228	$-20,677
2019	$797,294	$782,240	$642,524	$15,054
2018	$749,195	$713,995	$624,982	$35,200